Post
Topic
Board Nigeria (Naija)
Re: Where do you stand
by
Obim34
on 21/03/2024, 21:17:49 UTC
Question
  • Where do you stand, do you want the dip or should the price continue to raise?
    Though I stand with those who will want the dip in order to acquire more BTC, since I didn't HODL as much as I would had planned because of I had some expenses to take care of.
  • Also have you taken all your profit or you are taking bit by bit or still HODLing all?
    Actually I took most earlier since I had expenses to cover though I have some left
Honestly, I consider myself as yet a late investor who still has a long way to go accumulating good portions of Bitcoin, my approach to accumulating Bitcoin seems slow due to my source of income, so It's like being stuck in the middle but since it's beyond our reach to make it happen we just observe and use every price mark to our own advantage.

I haven't taken any portion of my Bitcoin, I want to keep adding even more not deflecting my investment. This could be the need as to which we advise every one to keep aside savings or emergency funds so we don't have to touch our Bitcoin portfolio all in the name of solving problems.

Whether you are a late investor or am early investor I think it really doesn't matter that much because even some of the early investor sold off their huge Bitcoin because of the lack of discipline to saving your Bitcoin investment.

The thing about saving your coins is that some person go about not fully equipping themselves with the measures that are necessary for having a successful investment which are having double source of income, will power and also a strict mentality so to enable you jump pass some unnecessary expenses.
We should not be sentimental on this case, they sold their Bitcoin not because they lacked discipline, putting ourselves in their shoes we might have even sold earlier than most of them did. The earliest investor where prone to critism of purchasing Bitcoin so few of them as soon they get good profits from their investment they sell out, we now invest on a platter of gold where the rate of Bitcoin adoption is increasing.

It is helpful having a double job, likely not compulsory as long a single job can provide all these. It goes beyond that, the mentality must be there first then all measures will be put in place.